Press Releases

Renowned for creating the largest community of techies in India, TechGig is back with the second edition of it nation-wide inter-company hackathon ‘Code Gladiators 2015’. February 2015: After a very successful run last year, as the biggest code contest in India, this year’s competition will almost double in size. Code Gladiators 2015 will witness over 40,000 coders participating from 7000+ companies, pan India. “Code Gladiators is the first national level, inter company coding contest, that not only highlights top coders, but top IT companies as well. The scale of this contest provides unparalleled opportunity to provide the IT industry with insights that include geographic, academic, institutional and corporate benchmarks. Insights from last year’s contest were very successfully leveraged both by...

February 10, 2015: Online hiring activity grew by 11 per cent in January 2015, with IT/Telecom leading the demand, reports the latest RecruiteX by TimesJobs. This is the first time since 2012 that online hiring has increased for three months in a row. “A new energized government, quick policy decisions and reforms are pushing up hiring across key sectors. E-commerce and startups continue to contribute significantly, to the growth of the job market in 2015. Innovation and technology interventions are creating opportunities that are set to boost employment by creating new and unique roles and jobs, in times ahead. In order to sustain double-digit job growth, investments in IT and manufacturing sectors will be needed to be stepped up.” explains...

This report highlights the most preferred budget ranges renters look for and what configurations and property types that are most sought after for rented accommodations. 09 Feb 2015: Magicbricks has launched its 1st PropIndex Rental Market Analysis Report (Oct-Dec 2014). This is the first time Magicbricks has taken a dip into the demand and supply analysis of the rental market. The report gives insights about the existing demand and supply in different budget ranges, BHK configurations and property types across the 11 major cities of India. The maiden edition reveals that over 75% demand is noted for apartments as rented accommodations while the Rs 10,000-15,000 rent-per-month category is the most preferred segment. “Limited availability of ready-to-move-in properties and pilling up...

January 27, 2015: Hiring activity grew by 2 per cent year-on-year through 2014, with Retail and BFSI leading the charge according to TimesJobs’ latest RecruiteX report. The TimesJobs RecruiteX has shown a steady growth in demand, suggesting a sustained momentum in hiring activity. The growth is expected to continue through this year believe experts. “As TimesJobs’ data shows – 2015 seems to be a good time to be active in the job market. With a stable government and strong economic cues, the inevitable growth of Indian Industry will fuel considerable job growth in the country as well. Companies in core sectors of IT, engineering, manufacturing, BFSI, hospitality, logistics, ecommerce and retail will emerge as leading employers.” remarked Vivek Madhukar, COO,...

The IIMB Magicbricks Housing Sentiment Index (HSI) for the 3rd quarter of 2014-15 was sharply down across all 10 cities, ending the cautious optimism witnessed so far this year. Ahmedabad, Delhi and Gurgaon witnessed over 25% correction in sentiments compared to the previous quarter. January 14 2015: The Housing Sentiment Index (IIMB-Magicbricks HSI) assessed by IIM Bangalore and Magicbricks, forecasts that homebuyers across all 10 cities surveyed expect real estate prices to drop over the next six months. The aggregate Housing Sentiment Index (HSI) measured across the 10 cities dropped sharply by 29% this quarter to 81. (An HSI score of 100 suggests the prices would remain static). The IIMB Magicbricks buyer sentiment survey includes the cities of Ahmedabad, Bengaluru,...

For us, it’s not just the year that has changed – Experience the all-new Magicbricks, sporting a brand new design, easy navigation, better data quality & improved search. January 12, 2015: Magicbricks has jumpstarted into 2015 – India’s No 1 Property Portal just got better, faster & informative with a new design, easy navigation, improved data quality & improved search. The new portal also delivers on better listing quality with over 2 Lakh Verified Listings; as well as High quality analytics and information. Elegant, Contemporary Design A brand new design was unveiled on New Years’ Eve, keeping step with the latest design philosophy of utilitarian minimalism. The sleek new design of Magicbricks.com is particularly evident on its Home Page, Search...

A hilarious look at workplaces and bosses – serves as a clarion call to employers on the buzz their employees are creating on JobBuzz January 6, 2015: We have all heard legends of those dreaded work places where the perks are non-existent and bosses resemble dungeon masters. Thankfully, none of us actually work in them! JobBuzz takes a humorous look at the workplace from the perspective of the employee. JobBuzz.in, the popular candidate engagement platform from TimesJobs, helps users make smarter career decisions with company insights, reviews, ratings, salary benchmarks and interview information contributed by current or past employees of a company. “With this year’s calendar, TimesJobs mirrors how JobBuzz reveals insights of what employees think about their bosses, workplaces...

5 Things to Consider before accepting a Startup Job December 30, 2014: “Start-ups are going to be the Engines of Growth for 2015. The entrepreneurial spirit, backed by strong education, ample capital and economic policy support is going to be the engine that drives India into it’s next growth cycle.” says Vivek Madhukar, COO, TimesJobs.com. In 2015, a large number of young professionals are going to decline lucrative corporate jobs to venture out into making their own dreams a reality. With a vision of the future, seven figure salaries are being turned down, for a stake in a start-up and the chance to make a difference. In 2014, nearly 55 per cent organizations witnessed candidates changing jobs to work in...

Magicbricks trumps on most major traffic metrics that comScore publishes! In fact, data shows that Magicbricks dominates to the extent that, on several metrics, it is bigger than the next 2 portals added together! December 29, 2014: The property portal industry has been abuzz with investments being made by VC firms across different portals. While such activity generates a lot of PR, it might shroud the actual performance of portals during this period and the trends therein. Here are the graphs that show how the market has evolved over the last 12 months, using data from comScore, the industry standard for third party traffic data (web) – Click Here to download a larger image of these Graphs Converting this data...